Specific Aspects of Ensuring Regional Economic Security

Abstract

The present study examines several problems in ensuring economic security in Russia and its regions in times of geopolitical crisis and sanctions policy adopted by the world’s leading countries. Aim. The study examines the system of regional economic security amid new national and regional challenges and threats. Tasks. The study identifies the substance, content, and role of economic security mechanism aimed at creating a novel concept of national and regional economic security. Methods. This study validates the comprehensive self-organization and institutional-evolutionary approaches to examine the problems of regional economic security. Results. The study results substantiate the viability of new theoretical models and concepts of economic security under modern conditions, identify the main elements of a regional economic security system, propose a proprietary system for the classification of regional economic security factors, and make practical recommendations on ensuring the economic security of the regional management system. Conclusion. The problem of economic security at the national and regional levels is relevant because of the growing need for economic growth and stimulation of domestic production, which requires efficient institutional measures aimed at creating favorable conditions for the protection of national economic interests.